RGS Energy Reports First Quarter 2018 Results
REAL GOODS SOLAR (RGSE)
Last real goods solar earnings: 5/15 04:06 pm
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US:NASDAQ Investor Relations:
investors.rgsenergy.com/overview
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Source: GlobeNewswire
DENVER, May 11, 2018 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ:RGSE), the exclusive worldwide licensee of POWERHOUSE™, an innovative and visually stunning solar shingle system using technology developed by The Dow Chemical Company, reported its results for the quarter ended March 31, 2018 and filed its quarterly report on Form 10-Q. RGS Energy encourages investors to read the filing for a complete report of its results for the quarter. Financial Summary ($000’s omitted)Q1 2018(reported*)Q1 2017(reported)Operational Data: Net sales$4,243$1,390Total Revenue2,8223,663Residential installation cycle time (days avg for quarter)114163Backlog (at quarter end)13,8877,392 Financial Data: Pro Forma Cash**$4,700$14,077Convertible Debt**2,0001Pro Forma shareholders’ equity**6,40017,886Operating cash outflow(2,459)(4,152)Net loss(4,338)
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